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of these cuts is about 2 percent per department. gillette said the pentagon needs to five will round up these numbers -- 100 new soldiers. his limited tiring 98? of course not. he hires the full 100 but less somewhere else, like maybe janitors that west pointer in the pentagon, not to become the pentagon and not to pick my friends a west point, but the point is, the president has executive authority to make sure the government works properly. in fact, he is required to make sure it works properly. his of says, he promises faithfully to execute the office of president of the united states. that word faithfully is in the constitution, and it is in his of to make sure that the government works, that he does not use government agencies to harm his political opponents and help his political supporters. after eight. ashley: that good faith to me because their role in it for their own political gain, the political part, and they're not always making decisions. >> i'll tell you this. if the president of the united states of america furloughs a sufficient number of tsa agents so that we have to
. the former nebraska senator and vietnam combat veteran was sworn in at the pentagon today. and a $46 billion mandatory budget cuts that are scheduled to take place friday. the vatican today the first pope to resign in 600 years. and 140 people in st. peter's square. pope benedict xvi will step down and 2:00 eastern time. candidate of new pope will be selected has not announced. the statue of liberty and ellis island have been closed since superstorm sandy in october. interior secretary can salazar says repair work is continuing at a historic site by the security screening process for visitors has to be resolved before reopening date can be set. we have to find other things to do with people visiting yes. melissa: those are the headlines, thank you. gas prices continue to rise but could that mean more than a drain on your wallet? my next guest says if they continue to climb they could take the market. [talking over each other] melissa: this was really interesting. you put together ten factors that contribute to a slide in stocks, one of them was gas prices. let's talk about that first. what i
newspapers and now can't even twitter. melissa: a shortage of qualified workers hurting the pentagon's efforts. we will introduce you to a man training the next generation of cyber security experts. ♪ . ... . . . ... melissa: time now for stocks. as we do every 15 minutes, let's head to the floor of the new york stock exchange. nicole petallides is standing by. what are you watching right now? >> i'm looking at both the market and merck on a day where you have the drug index lower. the markets overall, dow jones industrials are below 14,000 which we hit on friday. today we're sitting at 13,891. so all three major averages are pulling back indeed. we're taking a look at merck. at this post it is down over 2%. it is one of the worst performers on the dow. it was cut at morgan stanley, bmo. i will delve into the morgan stanley a little bit. they're worried about the drug study on vytorin will fail. so it is likely to pull back if that is the case. back to you. melissa: nicole, thank you. lori: recent cyber attacks on major u.s. countries has the white house weighing tougher action aga
elsewhere. dagen: selling drones to our allies. we will take you live to the pentagon. take a look at some of those stock plays in that sector today. drone stalks. ♪ dagen: every 15 minutes, we try. stocks now. >> it is the highest level ever. we will bring you straight to the board. it is up 6%. volume is pretty good. the s&p 500 is up for seven weeks in a row. we have only seen that happened 22 times. as we are right now at 1527, we are 49 points from our highest level ever in history for the broader market. connell: thank you very much, lauren. the republican party looking for essentially a bigger business model. ideas on how to put it together. >> you set the bar very high. connell: this is about youth voters. the president basically dominated the youth vote. voters under 30. we will talk in a moment about how he fixes that. you have three specific ideas. this is a problem that a lot of people have set up. the republican party was kind of outdated, the money ball era of politics are here. you have three ideas. understand how media consumption has changed. >> for young people, they ar
is no one has a 100% grip on this. what's going on in the pentagon is being mirrored down the line as people are figuring out how to take the cut. they'll do the cuts in the most responsible fashion. that's the problem. lori: i understand. treasury had figures on defense spending in ten years. it's risen 54% in the last decade, a real increase. inflation adjusted, and obviously, two wars. that increase actually includes money spent under president obama too. a 2% overall federal budget cut, small potatoes, and considering it increased by that much in that period of time, there's a lot of fat in the military. >> well, i'm not sure if it's fat, but it is -- these are requirements that people saw that were funded by congress. everything was approved. every requirement was justified. every dollar in that defense program multiple layers. the administrators and bureaucrats said we need this. >> the sequesteration in development was designed to be so ridiculous cuts would never happen. are there better cuts for defense? do you have recommendations that make more sense than the punitive cuts tomorro
to take somewhat of a haircut, if you will, on spending because of our economic situation. the pentagon can take some more cuts. i will not give you what that number may be. if they budgeted around 450 billion annually, which is a fairly significant cut from where we were at last year, we could certainly take care of our national defense. i will add, one thing that many people believe that after afghanistan and iraq is completed that we will go back to a peace dividend. we will live in a world of persistent conflict for the rest of our lives. lori: we are watching turkey and egypt and israel and syria. it is alarming. general, thank you for your input. >> thank you very much. melissa: boeing and its customers are facing a hefty price tag. japanese carrier, which has large airliners in its fleet than any other airliner out there, is reporting more than $1500 in lost revenue. investigators are still trying to figure out what caused one battery to catch fire earlier this month. the carrier says it remains unclear when the dreamliner will resume commercial flights. lori: check out shares of
the pentagon as outlined a series of major spending cuts that will kick in march 1st unless the president and congress reach a spending bill to avoid sequestration. many worry is to have a devastating effect of military. our very own willis joins us now. >> at least 1 trillion. and the cells of what this would look like. perez's cat. a third reduction on aircraft maintenance, elimination of airshows. cuts in funding for army intelligence surveillance aircraft and equipment. that is something you expect. just buy more than half the number of flying hours for planes on carriers in the mideast. is really starting to get that power protected, who is out there on our behalf, how many folks are really in harm's way watching out for our interest. tracy: we talked about how technology jobs and the military will be cut. that means we're not coming up with new ideas to protect ourselves from the bad guys. >> the debate over the sequestered, as you know, which has been ongoing. the big deal with republicans, republicans him as they said yesterday, the split, the not sure what to do the arms services
the pentagon, give others much more flexibility to minimize impact, minimize hurt versus maximizing it which is basically the last setup now. ashley: we're out of time. thank you so much. senator vitter thanks for joining us, we appreciate it. >> thanks, ashley. ashley: thank you. tracy: yeah. interesting right, that he and warren are on the same page. ashley: yes. very bipartisan effort there. too big to fail. tracy: still there. ashley: yep. tracy: more solid numbers on u.s. housing. is the recovery for real? s&p's david blitzer who help put together's today's case-shiller report will weigh in next. he doesn't think so. ashley: plus martha stewart's newest legal battles. will she have to rebuild her image again? that story coming up. but first as we do every day at this time, look how oil is trading. market is trading higher but the oil is starting to drop again at $92 a barrel. we'll be right back [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct sho
is now warning that the pentagon is planning a partial virgo. dagen: to wait in "wall street journal" board member, jason riley. if you look at, it will only be about 45 billion discretionary mandatory cuts. >> we are talking about 7% in defense, 5% and domestic spending. the sequestration goes through, you know, the first responders will go away. cities will burn. border control, at this rate, illegal immigrants will raid this country. connell: you think it is basically no big deal. it is a pretty small percentage. >> there are no efficiencies to be found in government? connell: some republicans will say we do not want to cut the fence. we would rather see the cuts come from elsewhere. >> i think they could be handled responsibly. republicans are trying to give the president some discretion on where the cuts are applied. harry reid and other democrats, however, respond to that. i think this can be done responsibly. whether it is domestic spending or defense. what the president does have in his advantage here is republicans are somewhat divided in this. i think it is important for th
know, tracy, half of those spending cuts would be in defense, in pentagon spending. trace? tracy: certainly will. tell us what is going on with chuck hagel to be the next defense secretary. we're hearing that is on rocky ground, huh? >> a lot of high drama in that today. tomorrow democratic leader harry reid scheduled a vote on the nomination and republicans are threatening to filibuster it. now this would be the first time that in history we believe that, if it is successful that a cabinet nominee will have been filibustered. some republicans want more information about benghazi which senator hagel testified on. they want more information about some controversial speeches that he may have made. and there is, though there is some talk that perhaps, while they try to work through the process, and avoid the filibuster vote which could be embarrassing they might end up delaying it until congress comes back from its recess. trace? tracy: drama in d.c. peter barnes. who would have thought. ashley: just for a change. tracy: who would have thought. ashley: thank you. it is coming up qua
Search Results 0 to 9 of about 10

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